Tag: changing
Changing seas of ship finance
In the ever-evolving world of maritime finance, shipowners have experienced a sea change over the past two years. According to ship finance specialist oceanis’ Q3 2023 report, banks, debt funds, and lessors have “showered” shipowners with relatively inexpensive capital over the past 24 months. This injection of capital has brought about significant shifts and challenges…
Xeneta: Long-term ocean freight rates plunge by more than 60% in year of decline, but changing fortunes appear imminent
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August, meaning prices have now dropped 62.7% since this time last year. The world’s busiest routes – exports from…
